Net income2of 3.1 B€ in 3Q12 and 8.3B€3in the first nine months of
2012

Gearing ratio of 20.8% at September 30, 2012

Hydrocarbon production of 2,272 kboe/d in 3Q12

Interim dividend for 3Q12 of 0.59 €/share payable in March 20134

Commenting on the results, Chairman and CEO Christophe de Margerie
said:

«Total reported adjusted net income of 3.3 billion euros for the
third quarter 2012, an increase of 20% compared to the third quarter
2011, reflecting good performance across all segments.In
Upstream, the Group reaffirms its confidence in its outlook for
profitable growth thanks to the ramp-up of recent start-ups and the
progress of major projects in development.Notably, Total
launched the development of the Tempa Rossa field in Italy this quarter.In exploration, the Group is entering a period rich with
high-potential wells, notably in the Gulf of Mexico, Iraq, Ivory Coast,
Kenya and Gabon, and is increasing its acreage in promising plays.The
quarter was also marked by a sharp increase in refining margins. The
results of Refining & Chemicals increased by 54%, despite a turnaround
at the Normandy refinery which is part of the modernization of one of
the Group’s major integrated platforms and key to its strategy for the
segment.In line with the announced asset sale program,
Total continued to optimize its portfolio during the quarter and, in
particular, sold Upstream assets in the UK and Nigeria.The total
proceeds for asset sales since the beginning of the year reached about 5
billion dollars, including the sale of the Group’s remaining shares of
Sanofi.These good results and the Group’s discipline
reinforced its strong financial position this quarter.In a
responsible and sustainable manner, Total is improving its
competitiveness across all operational segments and remains focused on
creating value through the Group’s new dynamic for growth.»

Key figures5

3Q12

2Q12

3Q11

3Q12vs3Q11

in millions of eurosexcept earnings per share and
number of shares

9M12

9M11

9M12vs9M11

49,890

49,135

46,163

+8%

Sales

150,193

137,201

+9%

6,540

5,793

5,881

+11%

Adjusted operating income from business segments

19,112

18,146

+5%

3,698

3,124

2,950

+25%

Adjusted net operating income from business segments

10,079

9,214

+9%

2,891

2,560

2,388

+21%

-- Upstream

8,507

7,750

+10%

564

383

367

+54%

-- Refining & Chemicals

1,008

813

+24%

243

181

195

+25%

-- Supply & Marketing

564

651

-13%

3,348

2,858

2,801

+20%

Adjusted net income

9,280

8,699

+7%

1.48

1.26

1.24

+19%

Adjusted fully-diluted earnings per share (euros)

4.10

3.86

+6%

2,268

2,264

2,261

-

Fully-diluted weighted-average shares (millions)

2,265

2,255

-

3,066

1,585

3,314

-7%

Net income (Group share)

8,313

9,986

-17%

5,416

4,964

3,921

+38%

Investments6

16,320

17,174

-5%

1,635

980

5,082

-68%

Divestments

4,305

7,083

-39%

3,781

3,984

(1,161)

n/a

Net investments

12,015

10,091

+19%

5,163

6,167

5,964

-13%

Cash flow from operations

16,597

16,742

-1%

6,058

4,768

4,575

+32%

Adjusted cash flow from operations

15,921

14,195

+12%

3Q12

2Q12

3Q11

3Q12vs3Q11

in millions of dollars7except earnings
per share and number of shares

9M12

9M11

9M12vs9M11

62,375

62,962

65,214

-4%

Sales

192,370

192,973

-

8,177

7,423

8,308

-2%

Adjusted operating income from business segments

24,479

25,522

-4%

4,623

4,003

4,167

+11%

Adjusted net operating income from business segments

12,909

12,959

-

3,614

3,280

3,374

+7%

-- Upstream

10,896

10,900

-

705

491

518

+36%

-- Refining & Chemicals

1,291

1,143

+13%

304

232

275

+10%

-- Supply & Marketing

722

916

-21%

4,186

3,662

3,957

+6%

Adjusted net income

11,886

12,235

-3%

1.85

1.62

1.75

+5%

Adjusted fully-diluted earnings per share (dollars)

5.25

5.43

-3%

2,268

2,264

2,261

-

Fully-diluted weighted-average shares (millions)

2,265

2,255

-

3,833

2,031

4,682

-18%

Net income (Group share)

10,647

14,045

-24%

6,771

6,361

5,539

+22%

Investments6

20,903

24,155

-13%

2,044

1,256

7,179

-72%

Divestments

5,514

9,962

-45%

4,727

5,105

(1,640)

n/a

Net investments

15,389

14,193

+8%

6,455

7,902

8,425

-23%

Cash flow from operations

21,257

23,548

-10%

7,574

6,110

6,463

+17%

Adjusted cash flow from operations

20,392

19,965

+2%

Highlights since the beginning of the third quarter 2012

Start-up of the Atla field in the Norwegian North Sea

Increased stake from 24% to 30% in the Ichthys LNG project in
Australia

Exchange of assets in the Norwegian North Sea to increase
Total’s interest in the Oseberg field and the Dagny field to 14.7%
and 39.54%, respectively

Sold an indirect interest of 9.99% in Block 14 in Angola

Sold the Group’s remaining shares of Sanofi (1.3%)

Continued the optimization of the Refining & Chemicals
portfolio with sale of a 40% interest in Géostock

Launched new development phase of the Yucal Placer gas field in
Venezuela and the development of Tempa Rossa in Italy

Issued notice of commerciality for the Absheron gas discovery
in Azerbaijan

New gas and condensate discovery on the King Lear prospect in
the Norwegian North Sea

Total became operator of the Xerelete block in the prolific
pre-salt area of Brazil

Signed an agreement with Kogas for the purchase of 0.7 million
metric tons per year of LNG from the Sabine Pass terminal for a
duration of 20 years

Results for the third quarter 2012

>Operating income from business segments

In the third quarter 2012, the Brent price averaged 109.5 $/b, a
decrease of 3% compared to the third quarter 2011 and an increase of 1%
compared to the second quarter 2012. The European refining margin
indicator (ERMI) averaged 51 $/t for the third quarter 2012, compared to
13.4 $/t during the third quarter 2011. The favorable evolution of this
indicator, having increased 34% compared to the second quarter 2012, is
mainly due to higher levels of maintenance in European refineries and an
increase in demand from the United States. In contrast, the environment
for petrochemicals deteriorated in Europe compared to the second quarter
2012.

The euro-dollar exchange rate averaged 1.25 $/€ in the third quarter
2012, 1.41 $/€ in the third quarter 2011 and 1.28 $/€ in the second
quarter 2012. Expressed in euros, the Brent price averaged 87.6 €/b, an
increase of 9% compared to the third quarter 2011.

In this environment, the adjusted operating income8 from
business segments was 6,540 M€, an increase of 11% compared to the third
quarter 2011. Expressed in dollars, there was a decrease of 2%.

The effective tax rate9 for the business segments was 53.6%
in the third quarter 2012 compared to 59.0% in the third quarter 2011,
essentially due to a decrease in the effective tax rate for the Upstream
and the increased contribution of downstream activities to the Group
results.

Adjusted net operating income from the business segments was 3,698 M€
compared to 2,950 M€ in the third quarter 2011, an increase of 25%.

Expressed in dollars, adjusted net operating income from the business
segments was 4.6 billion dollars (B$), an increase of 11% compared to
the third quarter 2011. This increase essentially resulted from the good
performance of Upstream and a strong improvement in the Refining &
Chemicals results, which were supported by favorable margins.

>Net income (Group share)

Adjusted net income was 3,348 M€ in the third quarter 2012 compared to
2,801 M€ in the third quarter 2011, an increase of 20%. Expressed in
dollars, adjusted net income increased by 6%.

Adjusted net income excludes the after-tax inventory effect, the effect
of changes in fair value10, and special items:

The after-tax inventory effect had a positive impact on net income of
524 M€ in the third quarter 2012 and a negative impact of 87 M€ in the
third quarter 2011.

Changes in fair value had a negative impact on net income of 6 M€ in
the third quarter 2012 compared with a negative impact of 10 M€ in the
third quarter 2011.

Special items had a negative impact on net income of 800 M€ in the
third quarter 2012, comprised essentially of an impairment to the
value of assets in the Barnett in the US and a one-off tax of 4% on
crude and refined product inventories, which were partially offset by
gains on the sale of Sanofi shares. In the third quarter 2011, special
items had a positive impact of 610 M€.

Net income (Group share) was 3,066 M€ compared to 3,314 M€ in the third
quarter 2011.

The effective tax rate for the Group was 55.3% in the third quarter
2012. The company-paid 3% tax on dividends is accounted for starting in
the third quarter, resulting in an increased charge of 80 M€ relating to
dividends declared in the first and second quarters of 2012.

Adjusted fully-diluted earnings per share, based on 2,268 million
fully-diluted weighted-average shares, increased by 19% to €1.48
compared to €1.24 in the third quarter 2011.

Expressed in dollars, adjusted fully-diluted earnings per share
increased by 5% to $1.85.

>Investments – Divestments11

Investments, excluding acquisitions and including changes in non-current
loans, were 4.9 B€ (6.1 B$) in the third quarter 2012 compared to 3.3 B€
(4.7 B$) in the third quarter 2011.

Acquisitions were 294 M€ in the third quarter 2012, comprised
essentially of the acquisition of exploration licenses in Iraq,
specialty chemicals in Brazil, and a carry agreement in the Utica shale
gas and condensates project in the US.

Asset sales in the third quarter 2012 were 1,416 M€, including mainly
the sale of Sanofi shares and Upstream assets in the UK and Nigeria.

Net investments12 were 3.8 B€ (4.7 B$) in the third quarter
2012 compared to -1.2 B€ (-1.6 B$) in the third quarter 2011.

>Cash flow

Cash flow from operations was 5,163 M€ in the third quarter 2012
compared to 5,964 M€ in the third quarter 2011, essentially resulting
from a change in working capital requirements.

Adjusted cash flow from operations13 was 6,058 M€, an
increase of 32% compared to the third quarter 2011. Expressed in
dollars, adjusted cash flow from operations was 7.6 B$, an increase of
17%.

The Group’s net cash flow14 was 1,382 M€ compared to 7,125 M€
in the third quarter 2011. Expressed in dollars, the Group’s net cash
flow was 1.7 B$ in the third quarter 2012 compared to 10.1 B$ in the
third quarter 2011. This difference is mainly due to a very high level
of divestments in third quarter 2011 and significant changes in working
capital requirements.

Results for the first nine months 2012

>Operating income

Compared to the first nine months of 2011, the average Brent was stable
at 112.2 $/b. The European refining margin indicator (ERMI) averaged
36.7 $/t compared to 18.1 $/t in the first nine months of 2011.

The euro-dollar exchange rate averaged 1.28 $/€ compared to 1.41 $/€ in
the first nine months of 2011. Expressed in euros, the Brent price
averaged 87.6 €/b, an increase of 10% compared to the first nine months
of 2011.

In this environment, the adjusted operating income from the business
segments was 19,112 M€, an increase of 5% compared to the first nine
months of 201115.

The effective tax rate for the business segments was 56.4% in the first
nine months of 2012 compared to 57.5% in the first nine months of 2011.

Adjusted net operating income from the business segments was 10,079 M€
compared to 9,214 M€ in the first nine months of 2011, an increase of 9%.

Expressed in dollars, adjusted net operating income from the business
segments was stable. The improved results of Refining & Chemicals were
offset by a lower contribution from Supply & Marketing, which was
impacted by the sale of certain Marketing assets and the decreased
results of New Energies.

>Net income (Group share)

Adjusted net income was 9,280 M€ in the first nine months of 2012, an
increase of 7% compared to 8,699 M€ in the first nine months of 2011.
Expressed in dollars, adjusted net income decreased by 3%.

Adjusted net income excludes the after-tax inventory effect, special
items and the effect of changes in fair value16:

The after-tax inventory effect had a positive impact on net income of
155 M€ in the first nine months of 2012 and a positive impact of
785 M€ in the first nine months of 2011.

Changes in fair value had a negative impact on net income of 17 M€ in
the first nine months 2012 and a positive impact of 12 M€ in the first
nine months 2011.

Special items had a negative impact on net income of 1,105 M€ in the
first nine months of 2012 and a positive impact on net income of 490
M€ in the first nine months of 2011.

Net income (Group share) was 8,313 M€ compared to 9,986 M€ in the first
nine months of 2011.

On September 30, 2012, there were 2,270 million fully-diluted shares
compared to 2,263 million on September 30, 2011.

Adjusted fully-diluted earnings per share, based on 2,265 million
fully-diluted weighted-average shares, was €4.10, an increase of 6%
compared to the first nine months of 2011.

Expressed in dollars, adjusted fully-diluted earnings per share was
$5.25 compared to $5.43 in the first nine months of 2011, a decrease of
3%.

>Investments – Divestments17

Investments, excluding acquisitions and including changes in non-current
loans, were 13.2 B€ (16.9 B$) in the first nine months of 2012 compared
to 9.6 B€ (13.5 B$) in the first nine months of 2011.

Acquisitions were 2.6 B€ (3.3 B$) in the first nine months of 2012,
comprised essentially of the acquisition of interests in exploration and
production licenses in Uganda, an additional 1.1% stake in Novatek,
various exploration licenses, the minority interest in Fina Antwerp
Olefins and the carry agreement in the Utica shale gas and condensates
project in the US.

For the first nine months of 2012, asset sales were 3.7 B€ (4.7 B$),
comprised essentially of sales of the remainder of the Group’s shares of
Sanofi, a stake in the Gassled pipeline in Norway, Upstream assets in
Nigeria, the UK and France, and stakes in Composites One in the US and
Pec-Rhin in France.

Net investments were 12 B€ (15.4 B$) in the first nine months of 2012,
compared to 10.1 B€ (14.2 B$) in the first nine months of 2011.

>Cash flow

Cash flow from operations was 16,597 M€ in the first nine months of
2012, a decrease of 1% compared to the first nine months of 2011.

Adjusted cash flow from operations18 was 15,921 M€, an
increase of 12%. Expressed in dollars, adjusted cash flow from operationswas 20.4 B$, an increase of 2%.

The Group’s net cash flow19 was 4,582 M€ compared to a 6,651
M€ in the first nine months of 2011. Expressed in dollars, the Group’s
net cash flowwas 5.9 B$ in the first nine months of 2012.

The net-debt-to-equity ratio was 20.8% on September 30, 2012, compared
to 15.2% on September 30, 201120, in line with the Group’s
target range.

Hydrocarbon production was 2,272 thousand barrels of oil equivalent per
day (kboe/d) in the third quarter 2012, a decrease of 2% compared to the
third quarter 2011, essentially as a result of:

+5.5% for start-ups and growth from new projects,

-4.5% for normal decline and scheduled maintenance,

-3% for incidents in the UK North Sea and Nigeria, and

changes in the portfolio and price effect21 had
little impact on the quarter.

In the first nine months of 2012, hydrocarbon production was 2,302
kboe/d, a decrease of 1.3% compared to the first nine months of 2011,
essentially as a result of:

+4.5% for start-ups and growth from new projects,

+2% for changes in the portfolio, comprised essentially of an
increased share of Novatek production and the impact of the sale of
CEPSA and assets in the UK,

-4% for normal decline and scheduled maintenance,

-2.5% for incidents in the UK North Sea and Nigeria,

-1.5% for disruptions related to security conditions in Yemen and the
production shut-down in Syria, net of the positive effect of the
return of production in Libya, and

price effect21 had little impact.

>Results

Beginning on July 1, 2012, the Upstream segment no longer includes the
activities of New Energies, which are now reported with Supply &
Marketing. As a result, certain information has been restated according
to the new organization.

3Q12

2Q12

3Q11

3Q12vs3Q11

in millions of euros

9M12

9M11

9M12vs9M11

5,537

5,032

5,264

+5%

Adjusted operating income*

17,073

16,505

+3%

2,891

2,560

2,388

+21%

Adjusted net operating income*

8,507

7,750

+10%

578

433

443

+30%

includes income from equity affiliates

1,506

1,216

+24%

4,567

4,227

3,426

+33%

Investments

14,100

14,528

-3%

401

234

936

-57%

Divestments

1,383

2,192

-37%

3,457

5,298

4,042

-14%

Cash flow from operations

14,521

13,497

+8%

5,105

3,994

3,899

+31%

Adjusted cash flow from operations

13,812

12,210

+13%

* detail of adjustment items shown in the business segment
information annex to financial statements.

Adjusted net operating income from the Upstream segment was 2,891 M€ in
the third quarter 2012 compared to 2,388 M€ in the third quarter 2011,
an increase of 21%. Expressed in dollars, the increase of 7% is
explained principally by an increased contribution from equity
affiliates and a lower effective tax rate.

The effective tax rate for the Upstream segment was 58.8% compared to
63.3% in the third quarter 2011, essentially due to a portfolio mix
effect, including a more significant contribution from downstream gas
activities, and the result of exiting the bénéfice consolidé
(worldwide tax) reporting regime in the third quarter of 2011.

Adjusted net operating income from the Upstream segment in the first
nine months of 2012 was 8,507 M€ compared to 7,750 M€ in the first nine
months of 2011, an increase of 10%. Expressed in dollars, adjusted net
operating income from the Upstream segment was 10,896 M$, stable
compared to the first nine months of 2011.

The return on average capital employed (ROACE22) for the
Upstream segment was 20% for the twelve months ended September 30, 2012,
and was 21% for the twelve months ended June 30, 2012 and for the full
year 2011.

The annualized third quarter 2012 ROACE for the Upstream segment was 19%.

Refining & Chemicals

>Refinery throughput and utilization rates*

3Q12

2Q12

3Q11

3Q12vs3Q11

9M12

9M11

9M12vs9M11

1,790

1,878

1,922

-7%

Total refinery throughput (kb/d)

1,833

1,930

-5%

653

752

752

-13%

-- France

699

731

-4%

864

876

904

-4%

-- Rest of Europe

873

941

-7%

273

250

266

+3%

-- Rest of world

261

258

+1%

Utilization rates**

82%

86%

77%

-- Based on crude only

83%

77%

86%

90%

81%

-- Based on crude and other feedstock

88%

82%

* includes share of CEPSA, through July 31, 2011, and of TotalErg.Results for refineries in South Africa, French Antilles and Italy are
reported in the Supply & Marketing segment.** based on
distillation capacity at the beginning of the year

In the third quarter 2012, refinery throughput decreased by 7% compared
to the third quarter 2011 and by 5% compared to the second quarter 2012.
In the third quarter 2012, throughput was impacted mainly by scheduled
maintenance relating to the modernization of the Normandy refinery and
unscheduled maintenance, notably at the Antwerp refinery.

The utilization rate based on crude and other feedstock was 86% in the
third quarter 2012 compared to 90% in the second quarter 2012 and 81% in
the third quarter 2011.

In the first nine months of 2012, refinery throughput decreased by 5%
compared to the first nine months of 2011, reflecting essentially
scheduled maintenance in the first nine months of 2012 and the portfolio
effect relating to the sale of the Group’s interest in CEPSA at the end
of July 2011.

> Results

3Q12

2Q12

3Q11

3Q12vs3Q11

in millions of euros(except the ERMI)

9M12

9M11

9M12 vs 9M11

51.0

38.2

13.4

x3.8

European refining margin

indicator - ERMI ($/t)

36.7

18.1

+103%

646

465

305

x2.1

Adjusted operating income*

1,064

739

+44%

564

383

367

+54%

Adjusted net operating income*

1,008

813

+24%

102

100

109

-6%

contribution of Specialty Chemicals**

290

348

-17%

441

501

423

+4%

Investments

1,371

1,286

+7%

55

7

2,422

-98%

Divestments

203

2,451

-92%

1,036

625

1,557

-33%

Cash flow from operations

1,625

2,795

-42%

771

599

425

+81%

Adjusted cash flow from operations

1,498

1,204

+24%

* detail of adjustment items shown in the business segment
information annex to financial statements** Hutchinson,
Bostik, Atotech; including coatings and photocure resins until they were
sold in July 2011

The ERMI averaged 51 $/t in the third quarter 2012, nearly quadruple the
average of the third quarter 2011. In contrast, petrochemical margins
further deteriorated in the third quarter because of weak demand in
Europe and a slow-down in China.

Adjusted net operating income from the Refining & Chemicals segment was
564 M€ in the third quarter 2012, compared to 367 M€ in the third
quarter 2011. This increase of 54% is explained essentially by a more
favorable refining environment.

Adjusted net operating income from the Refining & Chemicals segment in
the first nine months of 2012 was 1,008 M€, an increase of 24% compared
to the first nine months of 2011. Expressed in dollars, adjusted net
operating income was 1,291 M$, an increase of 13% compared to the first
nine months of 2011. Improved refining margins in Europe explain this
evolution notwithstanding the sale of the Group’s interest in CEPSA at
the end of July 2011 and a weaker environment for petrochemicals in
Europe.

The ROACE for the Refining & Chemicals segment was 7% for the twelve
months ended September 30, 2012, compared to 5% for the twelve months
ended June 30, 2012 and for the full year 2011.

The annualized third quarter 2012 ROACE for the Refining & Chemicals
segment was 14%.

Supply & Marketing (including New Energies)

>Refined product sales

3Q12

2Q12

3Q11

3Q12vs3Q11

Sales in kb/d*

9M12

9M11

9M12 vs 9M11

1,143

1,166

1,477

-23%

Europe

1,173

1,516

-23%

563

524

540

+4%

Rest of world

539

529

+2%

1,706

1,690

2,017

-15%

Total Supply & Marketing sales

1,712

2,045

-16%

* excludes trading and bulk refining sales, includes share of CEPSA,
through July 31, 2011, and of TotalErg.

In the third quarter 2012, sales decreased by 15% compared to the third
quarter 2011. This decrease was due to the sale of marketing activities
in the UK, the sale of the Group’s interest in CEPSA in 2011, and weaker
demand in Europe.

>Results

Effective July 1, 2012, Supply & Marketing includes the activities of
New Energies. As a result, certain information has been restated
according to the new organization.

3Q12

2Q12

3Q11

3Q12vs3Q11

in millions of euros

9M12

9M11

9M12vs9M11

21,574

21,519

22,124

-2%

Sales

64,945

63,367

+2%

357

296

312

+14%

Adjusted operating income*

975

902

+8%

243

181

195

+25%

Adjusted net operating income*

564

651

-13%

(6)

(60)

(65)

n/a

contribution of New Energies

(183)

(121)

n/a

383

212

48

x8

Investments

793

1 289

-38%

41

20

1,380

-97%

Divestments

106

1 428

-93%

692

(140)

516

+34%

Cash flow from operations

108

407

-73%

202

367

259

-22%

Adjusted cash flow from operations

839

834

+1%

* detail of adjustment items shown in the business segment
information annex to financial statements

Supply & Marketing sales were 21.6 B€, a decrease of 2% compared to the
third quarter 2011.

Adjusted net operating income from the Supply & Marketing segment was
243 M€ in the third quarter 2012, an increase of 25% compared to the
third quarter 2011, reflecting the improvement of the results of New
Energies compared to the third quarter 2011 and good performance from
marketing despite a weaker environment in Europe.

Adjusted net operating income from the Supply & Marketing segment was
564 M€ in the first nine months of 2012, a decrease of 13% compared to
the first nine months of 2011. This decrease is explained principally by
the sale of the Group’s interest in CEPSA at the end of July 2011, the
sale of marketing assets in the UK at the end of 2011, and the decreased
results of New Energies. Expressed in dollars, the adjusted net
operating income was 722 M$, a decrease of 21% compared to the first
nine months of 2011.

The ROACE for the Supply & Marketing segment was 10% for the twelve
months ended September 30, 2012, compared to 9% for the twelve months
ended June 30, 2012, and 13% for the full-year 2011.

The annualized third quarter 2012 ROACE for the Supply & Marketing
segment was 12%.

Summary and outlook

The ROACE for the Group for the twelve months ended September 30, 2012,
was 16%, compared to 15% for the twelve months ended June 30, 2012, and
16% for the full-year 2011.

Return on equity for the twelve months ended September 30, 2012, was
17.7%.

In the Upstream segment, the anticipated start-ups of Angola LNG, Sulige
in China, and Kashagan in Kazakhstan will contribute to production
growth. Regarding Elgin, the Group has finished cementing the G4 well
and is cooperating with British authorities with the goal of safely
restarting production on Elgin-Franklin by year end. In Nigeria, the
recent flooding has affected our installations at OML58, and these
facilities stopped production on October 7. Total has established an
assistance program to provide support to the local Nigerian population.

In addition, the Group is appraising its recent discoveries, notably in
Azerbaijan and French Guiana, and the fourth quarter includes
exploration wells in several promising plays, notably in the Gulf of
Mexico, Iraq, Ivory Coast, Kenya and Gabon.

In Refining & Chemicals, throughput in the fourth quarter will be
affected by ongoing scheduled maintenance in Normandy and unscheduled
maintenance in Antwerp completed at the end of October.

Finally, the Group continues to actively manage its portfolio across all
segments as it executes its asset sale program of 15-20 B$ for 2012-14.

The Board of Directors approved on October 30, 2012, a third quarter
interim dividend of 0.59 € per share, payable on March 21, 2013. This
interim dividend is unchanged versus the previous quarter and represents
an increase of 3.5% compared to the third quarter 2011.

■ ■ ■

To listen to CFO Patrick de la Chevardière’s conference call with
financial analysts today at 15:00 (Paris time) please log on to www.total.comor call +44 (0)203 367 9455 in Europe or +1 866 907 5925 in the US
(code: 419 868). For a replay, please consult the website or call
+44(0)203 367 9460 in Europe or +1 877 642 3018 in the US(code: 278 506).

The September 30, 2012 notes to the consolidated financial statements
are available on the Total web site (www.total.com).This
document may contain forward-looking statements, including within the
meaning of the Private Securities Litigation Reform Act of 1995, notably
with respect to the financial condition, results of operations,
business, strategy and plans of TOTAL.

Such statements are based on a number of assumptions that could
ultimately prove inaccurate, and are subject to a number of risk
factors, including currency fluctuations, the price of petroleum
products, the ability to realize cost reductions and operating
efficiencies without unduly disrupting business operations,
environmental regulatory considerations and general economic and
business conditions. Neither TOTAL nor any of its subsidiaries assumes
any obligation to update publicly any forward-looking statement, whether
as a result of new information, future events or otherwise. Further
information on factors which could affect the company’s financial
results is provided in documents filed by the Group with the French
Autorité des Marchés Financiers and the U.S. Securities and Exchange
Commission (“SEC”).

Financial information by business segment is reported in accordance
with the internal reporting system and shows internal segment
information that is used to manage and measure the performance of TOTAL.

Performance indicators excluding the adjustment items, such as
adjusted operating income, adjusted net operating income, and adjusted
net income are meant to facilitate the analysis of the financial
performance and the comparison of income between periods.

Adjustment items include:(i)
Special itemsDue to their unusual nature or
particular significance, certain transactions qualified as "special
items" are excluded from the business segment figures. In general,
special items relate to transactions that are significant, infrequent or
unusual. However, in certain instances, transactions such as
restructuring costs or asset disposals, which are not considered to be
representative of the normal course of business, may be qualified as
special items although they may have occurred within prior years or are
likely to occur again within the coming years.(ii)
Inventory valuation effectThe adjusted results of
the Downstream and Chemicals segments are presented according to the
replacement cost method. This method is used to assess the segments’
performance and facilitate the comparability of the segments’
performance with those of its competitors.In the
replacement cost method, which approximates the LIFO (Last-In,
First-Out) method, the variation of inventory values in the statement of
income is, depending on the nature of the inventory, determined using
either the month-end prices differential between one period and another
or the average prices of the period rather than the historical value.
The inventory valuation effect is the difference between the results
according to the FIFO (First-In, First-Out) and the replacement cost.(iii)
Effect of changes in fair valueAs from January 1,
2011, the effect of changes in fair value presented as an adjustment
item reflects for some transactions differences between internal
measures of performance used by TOTAL’s management and the accounting
for these transactions under IFRS.IFRS requires that
trading inventories be recorded at their fair value using period-end
spot prices. In order to best reflect the management of economic
exposure through derivative transactions, internal indicators used to
measure performance include valuations of trading inventories based on
forward prices.Furthermore, TOTAL, in its trading
activities, enters into storage contracts, which future effects are
recorded at fair value in Group’s internal economic performance. IFRS
precludes recognition of this fair value effect.The
adjusted results (adjusted operating income, adjusted net operating
income, adjusted net income) are defined as replacement cost results,
adjusted for special items, excluding the effect of changes in fair
value.

Dollar amounts presented herein represent euro amounts converted at
the average euro-dollar exchange rate for the applicable period and are
not the result of financial statements prepared in dollars.

Cautionary Note to U.S. Investors – The SEC permits oil and gas
companies, in their filings with the SEC, to separately disclose proved,
probable and possible reserves that a company has determined in
accordance with SEC rules. We may use certain terms in this
presentation, such as resources, that the SEC’s guidelines strictly
prohibit us from including in filings with the SEC. U.S. investors are
urged to consider closely the disclosure in our Form 20-F, File
N° 1-10888, available from us at 2, place Jean Millier – La Défense 6 –
92078 Paris – La Défense Cedex, France, or at our Web site: www.total.com.
You can also obtain this form from the SEC by calling 1-800-SEC-0330 or
on the SEC’s Web site: www.sec.gov.

Operating information by segmentfor the third quarter
and the first nine months of 2012

Upstream

3Q12

2Q12

3Q11

3Q12 vs 3Q11

Combined liquids and gas production by region (kboe/d)

9M12

9M11

9M12 vs 9M11

361

429

474

-24%

Europe

430

510

-16%

737

706

623

+18%

Africa

717

647

+11%

501

477

581

-14%

Middle East

496

578

-14%

71

69

68

+4%

North America

69

67

+3%

182

187

194

-6%

South America

184

190

-3%

230

213

232

-1%

Asia-Pacific

219

238

-8%

190

180

147

+29%

CIS

187

103

+82%

2,272

2,261

2,319

-2%

Total production

2,302

2,333

-1%

615

578

600

+3%

Includes equity affiliates

607

569

+7%

3Q12

2Q12

3Q11

3Q12 vs 3Q11

Liquids production by region (kb/d)

9M12

9M11

9M12 vs 9M11

179

199

234

-24%

Europe

201

246

-18%

587

573

481

+22%

Africa

575

505

+14%

323

310

316

+2%

Middle East

311

321

-3%

25

25

28

-11%

North America

25

29

-14%

56

60

67

-16%

South America

60

74

-19%

28

25

26

+8%

Asia-Pacific

26

27

-4%

27

26

24

+13%

CIS

26

20

+30%

1,225

1,218

1,176

+4%

Total production

1,224

1,222

-

316

311

312

+1%

Includes equity affiliates

309

323

-4%

3Q12

2Q12

3Q11

3Q12 vs 3Q11

Gas production by region (Mcf/d)

9M12

9M11

9M12 vs 9M11

1,011

1,264

1,299

-22%

Europe

1,255

1,441

-13%

763

674

720

+6%

Africa

722

724

-

971

916

1,430

-32%

Middle East

1,010

1,392

-27%

260

253

228

+14%

North America

252

219

+15%

650

759

707

-8%

South America

691

643

+7%

1,135

1,019

1,173

-3%

Asia-Pacific

1,076

1,194

-10%

890

837

671

+33%

CIS

869

450

+93%

5,680

5,722

6,228

-9%

Total production

5,875

6,063

-3%

1,618

1,445

1,560

+4%

Includes equity affiliates

1,612

1,331

+21%

3Q12

2Q12

3Q11

3Q12 vs 3Q11

Liquefied natural gas

9M12

9M11

9M12 vs 9M11

2.94

2.57 **

3.36

-13%

LNG sales* (Mt)

8.77

10.08

-13%

* sales, Group share, excluding trading; 2011 data restated to
reflect volume estimates for Bontang LNG in Indonesia based on the 2011
SEC coefficient** restated number for 2Q12

Downstream (Refining & Chemicals and Supply & Marketing)

3Q12

2Q12

3Q11

3Q12vs 3Q11

Refined product sales by region (kb/d)*

9M12

9M11

9M12vs 9M11

1,979

2,060

2,358

-16%

Europe

2,030

2,360

-14%

411

401

403

+2%

Africa

401

390

+3%

535

509

474

+13%

Americas

495

505

-2%

399

508

505

-21%

Rest of world

497

490

+1%

3,324

3,478

3,740

-11%

Total consolidated sales

3,423

3,745

-9%

539

542

453

+19%

includes bulk sales

527

434

+21%

1,080

1,246

1,270

-15%

includes trading

1,184

1,266

-6%

* includes share of CEPSA, through July 31, 2011, and of TotalErg

Adjustment items

Adjustments to operating income

3Q12

2Q12

3Q11

in millions of euros

9M12

9M11

(1,362)

(89)

(326)

Special items affecting operating income

(1,516)

(389)

(16)

(48)

-

-- Restructuring charges

(64)

-

(1,134)

-

(245)

-- Impairments

(1,134)

(245)

(212)

(41)

(81)

-- Other

(318)

(144)

766

(1,384)

(112)

Pre-tax inventory effect : FIFO vs. replacement cost

228

1,157

(8)

11

(14)

Effect of changes in fair value

(22)

15

(604)

(1,462)

(452)

Total adjustments affecting operating income

(1,310)

783

Adjustments to net income (Group share)

3Q12

2Q12

3Q11

in millions of euros

9M12

9M11

(800)

(323)

610

Special items affecting net operating income (Group share)

(1,105)

490

202

73

1,054

-- Gain on asset sales

355

1,270

(33)

(40)

(56)

-- Restructuring charges

(73)

(56)

(737)

(18)

(251)

-- Impairments

(775)

(298)

(232)

(338)

(137)

-- Other

(612)

(426)

524

(959)

(87)

After-tax inventory effect : FIFO vs. replacement cost

155

785

(6)

9

(10)

Effect of changes in fair value

(17)

12

(282)

(1 273)

513

Total adjustments affecting net income

(967)

1,287

Effective tax rates

3Q12

2Q12

3Q11

Effective tax rate*

9M12

9M11

58.8%

58.0%

63.3%

Upstream

59.4%

60.7%

55.3%

56.1%

57.9%

Group

57.5%

57.6%

* tax on adjusted net operating income / (adjusted net operating
income - income from equity affiliates, dividends received from
investments, and impairments of acquisition goodwill + tax on adjusted
net operating income)

* Sensitivities are revised once per year upon publication of the
previous year’s fourth quarter results. The impact of the €-$
sensitivity on adjusted operating income and adjusted net operating
income attributable to the Upstream segment are approximately 80% and
75% respectively.

Return on average capital employed

Twelve months ended September 30, 2012

in millions of euros

Upstream

Refining & Chemicals

Supply &

Marketing

Group

Adjusted net operating income

11,359

1,043

726

12,621

Capital employed at 09/30/2011*

49,791

14,692

7,253

72,764

Capital employed at 09/30/2012*

63,293

16,413

7,800

85,003

ROACE

20.1%

6.7%

9.6%

16.0%

Twelve months ended June 30, 2012

in millions of euros

Upstream

Refining & Chemicals

Supply &

Marketing

Group

Adjusted net operating income

10,856

846

678

12,073

Capital employed at 06/30/2011*

45,456

16,672

7,402

72,843

Capital employed at 06/30/2012*

59,254

16,558

8,204

85,167

ROACE

20.7%

5.1%

8.7%

15.3%

Full-year 2011

in millions of euros

Upstream

Refining & Chemicals

Supply &

Marketing

Group

Adjusted net operating income

10,602

848

813

12,045

Capital employed at 12/31/2010*

43,671

17,265

5,909

70,866

Capital employed at 12/31/2011*

57,331

15,883

6,999

81,066

ROACE

21.0%

5.1%

12.6%

15.9%

* at replacement cost (excluding after-tax inventory effect)

1 Adjusted results defined on page 2 - dollar amounts
represent euro amounts converted at the average €-$ exchange rate for
the period: 1.2502 $/€ for 3Q12, 1.4127 $/€ for 3Q11, 1.2814 $/€ for
2Q12, 1.2808 $/€ for the first nine months of 2012, and 1.4065 $/€ for
the first nine months of 2011.

2 Net income, Group share.

3 includes positive impact of after-tax inventory effect of
524 M€ in the third quarter 2012. Details of adjustments on pages 4 and
17.

4 The ex-dividend date for the interim dividend will be March
18, 2013 and the payment date will be March 21, 2013.

5 Adjusted results are defined as income using replacement
cost, adjusted for special items, excluding the impact of changes for
fair value. Adjusted cash flow from operations is defined as cash flow
from operations before changes in working capital at replacement cost;
adjustment items are on page 17 and the inventory valuation effect is
explained on page 14.

6 including acquisitions

7 Dollar amounts represent euro amounts converted at the
average €-$ exchange rate for the period.

8 Special items affecting operating income from the business
segments had a negative impact of 1,362 M€ in the third quarter 2012 and
a negative impact of 326 M€ in the third quarter 2011.

13 Cash flow from operations at replacement cost before
changes in working capital.

14 Net cash flow = cash flow from operations - net
investments.

15 Special items affecting operating income from the business
segments had a negative impact of 1,428 M€ in the first nine months of
2012 and a negative impact of 389 M€ in the first nine months of 2011.

16 Adjustment items explained on page 14.

17 Detail shown on page 18.

18 Cash flow from operations at replacement cost before
changes in working capital.

19 Net cash flow = cash flow from operations - net
investments.

20 Detail shown on page 19.

21 impact of changing hydrocarbon prices on entitlement
volumes

22 Calculated based on adjusted net operating income and
average capital employed, using replacement cost, as shown on page 20.

Total financial statements_______________

Third quarter 2012 consolidated accounts, IFRS

CONSOLIDATED STATEMENT OF INCOME

TOTAL

(unaudited)

(M€) (a)

3rd quarter

2012

2nd quarter

2012

3rd quarter

2011

Sales

49,890

49,135

46,163

Excise taxes

(4,411)

(4,559)

(4,638)

Revenues from sales

45,479

44,576

41,525

Purchases, net of inventory variation

(30,609)

(32,294)

(29,018)

Other operating expenses

(5,528)

(5,827)

(5,061)

Exploration costs

(317)

(269)

(242)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(3,246)

(2,028)

(1,873)

Other income

474

225

1,334

Other expense

(129)

(451)

(212)

Financial interest on debt

(154)

(170)

(262)

Financial income from marketable securities & cash equivalents

8

24

114

Cost of net debt

(146)

(146)

(148)

Other financial income

141

209

108

Other financial expense

(135)

(118)

(115)

Equity in net income (loss) of affiliates

641

436

497

Income taxes

(3,488)

(2,701)

(3,448)

Consolidated net income

3,137

1,612

3,347

Group share

3,066

1,585

3,314

Non-controlling interests

71

27

33

Earnings per share (€)

1.36

0.70

1.47

Fully-diluted earnings per share (€)

1.35

0.70

1.47

(a) Except for per share amounts.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TOTAL(unaudited)

(M€)

3rd quarter

2012

2nd quarter

2012

3rd quarter

2011

Consolidated net income

3,137

1,612

3,347

Other comprehensive income

Currency translation adjustment

(1,007)

2,360

2,309

Available for sale financial assets

(183)

(93)

(389)

Cash flow hedge

33

(67)

(54)

Share of other comprehensive income of associates, net amount

86

(57)

(131)

Other

(2)

(7)

(2)

Tax effect

37

46

82

Total other comprehensive income (net amount)

(1,036)

2,182

1,815

Comprehensive income

2,101

3,794

5,162

- Group share

2,061

3,718

5,077

- Non-controlling interests

40

76

85

CONSOLIDATED STATEMENT OF INCOME

TOTAL

(unaudited)

(M€) (a)

9 months

2012

9 months

2011

Sales

150,193

137,201

Excise taxes

(13,363)

(13,609)

Revenues from sales

136,830

123,592

Purchases, net of inventory variation

(94,944)

(84,659)

Other operating expenses

(16,447)

(14,567)

Exploration costs

(942)

(680)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(7,112)

(5,090)

Other income

988

1,665

Other expense

(676)

(409)

Financial interest on debt

(511)

(557)

Financial income from marketable securities & cash equivalents

67

216

Cost of net debt

(444)

(341)

Other financial income

435

518

Other financial expense

(389)

(327)

Equity in net income (loss) of affiliates

1,618

1,447

Income taxes

(10,494)

(10,952)

Consolidated net income

8,423

10,197

Group share

8,313

9,986

Non-controlling interests

110

211

Earnings per share (€)

3.69

4.45

Fully-diluted earnings per share (€)

3.67

4.43

(a) Except for per share amounts.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TOTAL(unaudited)

(M€)

9 months

2012

9 months

2011

Consolidated net income

8,423

10,197

Other comprehensive income

Currency translation adjustment

299

(335)

Available for sale financial assets

(342)

41

Cash flow hedge

36

(89)

Share of other comprehensive income of associates, net amount

191

(234)

Other

(15)

(4)

Tax effect

72

53

Total other comprehensive income (net amount)

241

(568)

Comprehensive income

8,664

9,629

- Group share

8,562

9,433

- Non-controlling interests

102

196

CONSOLIDATED BALANCE SHEET

TOTAL

(M€)

September 30, 2012

(unaudited)

June 30, 2012

(unaudited)

December 31, 2011

September 30, 2011

(unaudited)

ASSETS

Non-current assets

Intangible assets, net

12,964

13,847

12,413

10,280

Property, plant and equipment, net

70,583

69,868

64,457

59,729

Equity affiliates : investments and loans

14,413

13,911

12,995

11,455

Other investments

1,181

2,222

3,674

3,767

Hedging instruments of non-current financial debt

1,796

1,886

1,976

2,012

Other non-current assets

5,215

4,850

4,871

4,248

Total non-current assets

106,152

106,584

100,386

91,491

Current assets

Inventories, net

17,266

17,111

18,122

16,024

Accounts receivable, net

20,331

19,768

20,049

18,786

Other current assets

11,377

10,435

10,767

7,938

Current financial assets

1,726

1,723

700

1,172

Cash and cash equivalents

16,833

14,998

14,025

19,942

Total current assets

67,533

64,035

63,663

63,862

Assets classified as held for sale

-

-

-

1,630

Total assets

173,685

170,619

164,049

156,983

LIABILITIES & SHAREHOLDERS' EQUITY

Shareholders' equity

Common shares

5,915

5,911

5,909

5,909

Paid-in surplus and retained earnings

70,703

69,181

66,506

65,862

Currency translation adjustment

(487)

401

(988)

(3,091)

Treasury shares

(3,342)

(3,390)

(3,390)

(3,390)

Total shareholders' equity - Group Share

72,789

72,103

68,037

65,290

Non-controlling interests

1,275

1,256

1,352

1,467

Total shareholders' equity

74,064

73,359

69,389

66,757

Non-current liabilities

Deferred income taxes

13,167

12,380

12,260

10,601

Employee benefits

1,987

2,005

2,232

2,180

Provisions and other non-current liabilities

11,170

11,264

10,909

8,920

Non-current financial debt

24,606

23,260

22,557

22,415

Total non-current liabilities

50,930

48,909

47,958

44,116

Current liabilities

Accounts payable

20,869

20,448

22,086

18,753

Other creditors and accrued liabilities

16,942

17,090

14,774

16,361

Current borrowings

10,647

10,642

9,675

10,406

Other current financial liabilities

233

171

167

249

Total current liabilities

48,691

48,351

46,702

45,769

Liabilities directly associated with the assets classified as
held for sale

-

-

-

341

Total liabilities and shareholders' equity

173,685

170,619

164,049

156,983

CONSOLIDATED STATEMENT OF CASH FLOW

TOTAL

(unaudited)

(M€)

3rd quarter

2012

2nd quarter

2012

3rd quarter

2011

CASH FLOW FROM OPERATING ACTIVITIES

Consolidated net income

3,137

1,612

3,347

Depreciation, depletion and amortization

3,413

2,164

2,062

Non-current liabilities, valuation allowances and deferred taxes

803

(99)

312

Impact of coverage of pension benefit plans

-

(362)

-

(Gains) losses on sales of assets

(419)

(165)

(1,282)

Undistributed affiliates' equity earnings

(135)

193

(34)

(Increase) decrease in working capital

(1,661)

2,783

1,501

Other changes, net

25

41

58

Cash flow from operating activities

5,163

6,167

5,964

CASH FLOW USED IN INVESTING ACTIVITIES

Intangible assets and property, plant and equipment additions

(4,512)

(4,128)

(3,802)

Acquisitions of subsidiaries, net of cash acquired

(74)

(4)

170

Investments in equity affiliates and other securities

(156)

(455)

(69)

Increase in non-current loans

(674)

(377)

(220)

Total expenditures

(5,416)

(4,964)

(3,921)

Proceeds from disposal of intangible assets and property, plant and
equipment

274

95

213

Proceeds from disposal of subsidiaries, net of cash sold

1

-

399

Proceeds from disposal of non-current investments

1,141

739

4,343

Repayment of non-current loans

219

146

127

Total divestments

1,635

980

5,082

Cash flow used in investing activities

(3,781)

(3,984)

1,161

CASH FLOW USED IN FINANCING ACTIVITIES

Issuance (repayment) of shares:

- Parent company shareholders

1

-

77

- Treasury shares

(68)

-

-

Dividends paid:

- Parent company shareholders

(1,282)

(1,284)

(1,283)

- Non-controlling interests

(2)

(96)

(35)

Other transactions with non-controlling interests

-

1

-

Net issuance (repayment) of non-current debt

2,062

1,409

1,034

Increase (decrease) in current borrowings

(98)

(693)

(2,541)

Increase (decrease) in current financial assets and liabilities

(31)

(10)

1,999

Cash flow used in financing activities

582

(673)

(749)

Net increase (decrease) in cash and cash equivalents

1,964

1,510

6,376

Effect of exchange rates

(129)

158

179

Cash and cash equivalents at the beginning of the period

14,998

13,330

13,387

Cash and cash equivalents at the end of the period

16,833

14,998

19,942

CONSOLIDATED STATEMENT OF CASH FLOW

TOTAL

(unaudited)

(M€)

9 months

2012

9 months

2011

CASH FLOW FROM OPERATING ACTIVITIES

Consolidated net income

8,423

10,197

Depreciation, depletion and amortization

7,680

5,591

Non-current liabilities, valuation allowances and deferred taxes

1,068

1,160

Impact of coverage of pension benefit plans

(362)

-

(Gains) losses on sales of assets

(865)

(1,517)

Undistributed affiliates' equity earnings

92

(157)

(Increase) decrease in working capital

448

1,390

Other changes, net

113

78

Cash flow from operating activities

16,597

16,742

CASH FLOW USED IN INVESTING ACTIVITIES

Intangible assets and property, plant and equipment additions

(13,867)

(12,391)

Acquisitions of subsidiaries, net of cash acquired

(199)

(809)

Investments in equity affiliates and other securities

(809)

(3,290)

Increase in non-current loans

(1,445)

(684)

Total expenditures

(16,320)

(17,174)

Proceeds from disposal of intangible assets and property, plant and
equipment

936

839

Proceeds from disposal of subsidiaries, net of cash sold

35

570

Proceeds from disposal of non-current investments

2,734

5,085

Repayment of non-current loans

600

589

Total divestments

4,305

7,083

Cash flow used in investing activities

(12,015)

(10,091)

CASH FLOW USED IN FINANCING ACTIVITIES

Issuance (repayment) of shares:

- Parent company shareholders

32

481

- Treasury shares

(68)

-

Dividends paid:

- Parent company shareholders

(3,852)

(3,855)

- Non controlling interests

(100)

(97)

Other transactions with non-controlling interests

1

59

Net issuance (repayment) of non-current debt

5,135

3,940

Increase (decrease) in current borrowings

(1,892)

(2,253)

Increase (decrease) in current financial assets and liabilities

(970)

365

Cash flow used in financing activities

(1,714)

(1,360)

Net increase (decrease) in cash and cash equivalents

2,868

5,291

Effect of exchange rates

(60)

162

Cash and cash equivalents at the beginning of the period

14,025

14,489

Cash and cash equivalents at the end of the period

16,833

19,942

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

TOTAL

(unaudited)

Common shares issued

Paid-in surplus and retained earnings

Currency translation adjustment

Treasury shares

Shareholders' equity Group Share

Non-controlling interests

Total shareholders' equity

(M€)

Number

Amount

Number

Amount

As of January 1, 2011

2,349,640,931

5,874

60,538

(2,495)

(112,487,679)

(3,503)

60,414

857

61,271

Net income of the first nine months

-

-

9,986

-

-

-

9,986

211

10,197

Other comprehensive Income

-

-

45

(598)

-

-

(553)

(15)

(568)

Comprehensive Income

-

-

10,031

(598)

-

-

9,433

196

9,629

Dividend

-

-

(5,173)

-

-

-

(5,173)

(97)

(5,270)

Issuance of common shares

14,112,010

35

446

-

-

-

481

-

481

Purchase of treasury shares

-

-

-

-

-

-

-

-

-

Sale of treasury shares (1)

-

-

(113)

-

2,931,034

113

-

-

-

Share-based payments

-

-

124

-

-

-

124

-

124

Share cancellation

-

-

-

-

-

-

-

-

-

Other operations with non-controlling interests

-

-

-

2

-

-

2

57

59

Other items

-

-

9

-

-

-

9

454

463

As of September 30, 2011

2,363,752,941

5,909

65,862

(3,091)

(109,556,645)

(3,390)

65,290

1,467

66,757

Net income of the fourth quarter

-

-

2,290

-

-

-

2,290

94

2,384

Other comprehensive Income

-

-

186

2,002

-

-

2,188

59

2,247

Comprehensive Income

-

-

2,476

2,002

-

-

4,478

153

4,631

Dividend

-

-

(1,284)

-

-

-

(1,284)

(75)

(1,359)

Issuance of common shares

14,372

-

-

-

-

-

-

-

-

Purchase of treasury shares

-

-

-

-

-

-

-

-

-

Sale of treasury shares (1)

-

-

-

-

2,472

-

-

-

-

Share-based payments

-

-

37

-

-

-

37

-

37

Share cancellation

-

-

-

-

-

-

-

-

-

Other operations with non-controlling interests

-

-

(553)

101

-

-

(452)

(180)

(632)

Other items

-

-

(32)

-

-

-

(32)

(13)

(45)

As of December 31, 2011

2,363,767,313

5,909

66,506

(988)

(109,554,173)

(3,390)

68,037

1,352

69,389

Net income of the first nine months

-

-

8,313

-

-

-

8,313

110

8,423

Other comprehensive Income

-

-

(246)

495

-

-

249

(8)

241

Comprehensive Income

-

-

8,067

495

-

-

8,562

102

8,664

Dividend

-

-

(3,913)

-

-

-

(3,913)

(100)

(4,013)

Issuance of common shares

2,151,933

6

26

-

-

-

32

-

32

Purchase of treasury shares

-

-

-

-

(1,800,000)

(68)

(68)

-

(68)

Sale of treasury shares (1)

-

-

(116)

-

2,960,542

116

-

-

-

Share-based payments

-

-

114

-

-

-

114

-

114

Share cancellation

-

-

-

-

-

-

-

-

-

Other operations with non-controlling interests

-

-

13

6

-

-

19

(18)

1

Other items

-

-

6

-

-

-

6

(61)

(55)

As of September 30, 2012

2,365,919,246

5,915

70,703

(487)

(108,393,631)

(3,342)

72,789

1,275

74,064

(1) Treasury shares related to the restricted stock
grants.

BUSINESS SEGMENT INFORMATION

TOTAL

(unaudited)

3rd quarter 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

5,001

23,260

21,574

55

-

49,890

Intersegment sales

7,455

11,168

154

47

(18,824)

-

Excise taxes

-

(956)

(3,455)

-

-

(4,411)

Revenues from sales

12,456

33,472

18,273

102

(18,824)

45,479

Operating expenses

(5,279)

(31,914)

(17,836)

(249)

18,824

(36,454)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(2,779)

(321)

(136)

(10)

-

(3,246)

Operating income

4,398

1,237

301

(157)

-

5,779

Equity in net income (loss) of affiliates and other items

642

41

7

302

-

992

Tax on net operating income

(2,961)

(348)

(81)

(119)

-

(3,509)

Net operating income

2,079

930

227

26

-

3,262

Net cost of net debt

(125)

Non-controlling interests

(71)

Net income

3,066

3rd quarter 2012 (adjustments) (a)

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

(8)

-

-

-

-

(8)

Intersegment sales

-

-

-

-

-

Excise taxes

-

-

-

-

-

Revenues from sales

(8)

-

-

-

-

(8)

Operating expenses

3

593

(42)

-

-

554

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,134)

(2)

(14)

-

-

(1,150)

Operating income (b)

(1,139)

591

(56)

-

-

(604)

Equity in net income (loss) of affiliates and other items

-

5

33

293

-

331

Tax on net operating income

327

(230)

7

(90)

-

14

Net operating income (b)

(812)

366

(16)

203

-

(259)

Net cost of net debt

-

Non-controlling interests

(23)

Net income

(282)

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

(b) Of which inventory valuation effect

On operating income

-

627

139

-

On net operating income

-

444

94

-

3rd quarter 2012 (adjusted)

(M€) (a)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

5,009

23,260

21,574

55

-

49,898

Intersegment sales

7,455

11,168

154

47

(18,824)

-

Excise taxes

-

(956)

(3,455)

-

-

(4,411)

Revenues from sales

12,464

33,472

18,273

102

(18,824)

45,487

Operating expenses

(5,282)

(32,507)

(17,794)

(249)

18,824

(37,008)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,645)

(319)

(122)

(10)

-

(2,096)

Adjusted operating income

5,537

646

357

(157)

-

6,383

Equity in net income (loss) of affiliates and other items

642

36

(26)

9

-

661

Tax on net operating income

(3,288)

(118)

(88)

(29)

-

(3,523)

Adjusted net operating income

2,891

564

243

(177)

-

3,521

Net cost of net debt

(125)

Non-controlling interests

(48)

Ajusted net income

3,348

Adjusted fully-diluted earnings per share (€)

1.48

(a) Except for per share amounts.

3rd quarter 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Total expenditures

4,567

441

383

25

-

5,416

Total divestments

401

55

41

1,138

-

1,635

Cash flow from operating activities

3,457

1,036

692

(22)

-

5,163

BUSINESS SEGMENT INFORMATION

TOTAL

(unaudited)

2nd quarter 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

4,977

22,592

21,519

47

-

49,135

Intersegment sales

7,751

10,474

222

48

(18,495)

-

Excise taxes

-

(874)

(3,686)

1

-

(4,559)

Revenues from sales

12,728

32,192

18,055

96

(18,495)

44,576

Operating expenses

(6,190)

(32,646)

(17,764)

(285)

18,495

(38,390)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,513)

(319)

(189)

(7)

-

(2,028)

Operating income

5,025

(773)

102

(196)

-

4,158

Equity in net income (loss) of affiliates and other items

448

23

(14)

(156)

-

301

Tax on net operating income

(2,911)

256

(62)

(14)

-

(2,731)

Net operating income

2,562

(494)

26

(366)

-

1,728

Net cost of net debt

(116)

Non-controlling interests

(27)

Net income

1,585

2nd quarter 2012 (adjustments) (a)

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

11

-

-

-

-

11

Intersegment sales

-

-

-

-

-

Excise taxes

-

-

-

-

-

Revenues from sales

11

-

-

-

-

11

Operating expenses

(18)

(1,238)

(148)

(23)

-

(1,427)

Depreciation, depletion and amortization of tangible assets and
mineral interests

-

-

(46)

-

-

(46)

Operating income (b)

(7)

(1,238)

(194)

(23)

-

(1,462)

Equity in net income (loss) of affiliates and other items

-

(40)

(8)

(244)

-

(292)

Tax on net operating income

9

401

47

(9)

-

448

Net operating income (b)

2

(877)

(155)

(276)

-

(1,306)

Net cost of net debt

-

Non-controlling interests

33

Net income

(1,273)

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

(b) Of which inventory valuation effect

On operating income

-

(1,238)

(146)

-

On net operating income

-

(877)

(99)

-

2nd quarter 2012 (adjusted)

(M€) (a)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

4,966

22,592

21,519

47

-

49,124

Intersegment sales

7,751

10,474

222

48

(18,495)

-

Excise taxes

-

(874)

(3,686)

1

-

(4,559)

Revenues from sales

12,717

32,192

18,055

96

(18,495)

44,565

Operating expenses

(6,172)

(31,408)

(17,616)

(262)

18,495

(36,963)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,513)

(319)

(143)

(7)

-

(1,982)

Adjusted operating income

5,032

465

296

(173)

-

5,620

Equity in net income (loss) of affiliates and other items

448

63

(6)

88

-

593

Tax on net operating income

(2,920)

(145)

(109)

(5)

-

(3,179)

Adjusted net operating income

2,560

383

181

(90)

-

3,034

Net cost of net debt

(116)

Non-controlling interests

(60)

Ajusted net income

2,858

Adjusted fully-diluted earnings per share (€)

1.26

(a) Except for per share amounts.

2nd quarter 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Total expenditures

4,227

501

212

24

-

4,964

Total divestments

234

7

20

719

-

980

Cash flow from operating activities

5,298

625

(140)

384

-

6,167

BUSINESS SEGMENT INFORMATION

TOTAL

(unaudited)

3rd quarter 2011

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

4,770

19,267

22,124

2

-

46,163

Intersegment sales

6,571

11,190

218

45

(18,024)

-

Excise taxes

-

(502)

(4,136)

-

-

(4,638)

Revenues from sales

11,341

29,955

18,206

47

(18,024)

41,525

Operating expenses

(4,904)

(29,539)

(17,766)

(136)

18,024

(34,321)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,262)

(473)

(129)

(9)

-

(1,873)

Operating income

5,175

(57)

311

(98)

-

5,331

Equity in net income (loss) of affiliates and other items

974

496

118

24

-

1,612

Tax on net operating income

(3,420)

9

(93)

41

-

(3,463)

Net operating income

2,729

448

336

(33)

-

3,480

Net cost of net debt

(133)

Non-controlling interests

(33)

Net income

3,314

3rd quarter 2011 (adjustments) (a)

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

(14)

-

-

-

-

(14)

Intersegment sales

-

-

-

-

-

-

Excise taxes

-

-

-

-

-

-

Revenues from sales

(14)

-

-

-

-

(14)

Operating expenses

-

(191)

(1)

-

-

(192)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(75)

(171)

-

-

-

(246)

Operating income (b)

(89)

(362)

(1)

-

-

(452)

Equity in net income (loss) of affiliates and other items

554

410

148

15

-

1,127

Tax on net operating income

(124)

33

(6)

(71)

-

(168)

Net operating income (b)

341

81

141

(56)

-

507

Net cost of net debt

-

Non-controlling interests

6

Net income

513

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

(b) Of which inventory valuation effect

On operating income

-

(121)

9

-

On net operating income

-

(93)

3

-

3rd quarter 2011 (adjusted)

(M€) (a)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

4,784

19,267

22,124

2

-

46,177

Intersegment sales

6,571

11,190

218

45

(18,024)

-

Excise taxes

-

(502)

(4,136)

-

-

(4,638)

Revenues from sales

11,355

29,955

18,206

47

(18,024)

41,539

Operating expenses

(4,904)

(29,348)

(17,765)

(136)

18,024

(34,129)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,187)

(302)

(129)

(9)

-

(1,627)

Adjusted operating income

5,264

305

312

(98)

-

5,783

Equity in net income (loss) of affiliates and other items

420

86

(30)

9

-

485

Tax on net operating income

(3,296)

(24)

(87)

112

-

(3,295)

Adjusted net operating income

2,388

367

195

23

-

2,973

Net cost of net debt

(133)

Non-controlling interests

(39)

Ajusted net income

2,801

Adjusted fully-diluted earnings per share (€)

1.24

(a) Except for per share amounts.

3rd quarter 2011

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Total expenditures

3,426

423

48

24

-

3,921

Total divestments

936

2,422

1,380

344

-

5,082

Cash flow from operating activities

4,042 *

1,557

516

(151) *

-

5,964

* Reclassification of intercompany transactions between Upstream and
Corporate for €823 million with no impact on the total of cash flow from
operating activities.

BUSINESS SEGMENT INFORMATION

TOTAL

(unaudited)

9 months 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

16,155

68,948

64,945

145

-

150,193

Intersegment sales

23,440

33,457

607

140

(57,644)

-

Excise taxes

-

(2,634)

(10,729)

-

-

(13,363)

Revenues from sales

39,595

99,771

54,823

285

(57,644)

136,830

Operating expenses

(18,008)

(97,617)

(53,588)

(764)

57,644

(112,333)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(5,685)

(954)

(447)

(26)

-

(7,112)

Operating income

15,902

1,200

788

(505)

-

17,385

Equity in net income (loss) of affiliates and other items

1,633

156

(76)

263

-

1,976

Tax on net operating income

(9,858)

(306)

(299)

(129)

-

(10,592)

Net operating income

7,677

1,050

413

(371)

-

8,769

Net cost of net debt

(346)

Non-controlling interests

(110)

Net income

8,313

9 months 2012 (adjustments) (a)

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

(22)

-

-

-

-

(22)

Intersegment sales

-

-

-

-

-

Excise taxes

-

-

-

-

-

Revenues from sales

(22)

-

-

-

-

(22)

Operating expenses

(15)

138

(127)

(88)

-

(92)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,134)

(2)

(60)

-

-

(1,196)

Operating income (b)

(1,171)

136

(187)

(88)

-

(1,310)

Equity in net income (loss) of affiliates and other items

-

(12)

4

159

-

151

Tax on net operating income

341

(82)

32

(106)

-

185

Net operating income (b)

(830)

42

(151)

(35)

-

(974)

Net cost of net debt

-

Non-controlling interests

7

Net income

(967)

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

(b) Of which inventory valuation effect

On operating income

-

172

56

-

On net operating income

-

120

35

-

9 months 2012 (adjusted)

(M€) (a)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

16,177

68,948

64,945

145

-

150,215

Intersegment sales

23,440

33,457

607

140

(57,644)

-

Excise taxes

-

(2,634)

(10,729)

-

-

(13,363)

Revenues from sales

39,617

99,771

54,823

285

(57,644)

136,852

Operating expenses

(17,993)

(97,755)

(53,461)

(676)

57,644

(112,241)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(4,551)

(952)

(387)

(26)

-

(5,916)

Adjusted operating income

17,073

1,064

975

(417)

-

18,695

Equity in net income (loss) of affiliates and other items

1,633

168

(80)

104

-

1,825

Tax on net operating income

(10,199)

(224)

(331)

(23)

-

(10,777)

Adjusted net operating income

8,507

1,008

564

(336)

-

9,743

Net cost of net debt

(346)

Non-controlling interests

(117)

Ajusted net income

9,280

Adjusted fully-diluted earnings per share (€)

4.10

(a) Except for per share amounts.

9 months 2012

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Total expenditures

14,100

1,371

793

56

-

16,320

Total divestments

1,383

203

106

2,613

-

4,305

Cash flow from operating activities

14,521

1,625

108

343

-

16,597

BUSINESS SEGMENT INFORMATION

TOTAL

(unaudited)

9 months 2011

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

16,079

57,741

63,367

14

-

137,201

Intersegment sales

19,851

32,198

615

129

(52,793)

-

Excise taxes

-

(1,483)

(12,126)

-

-

(13,609)

Revenues from sales

35,930

88,456

51,856

143

(52,793)

123,592

Operating expenses

(15,883)

(85,997)

(50,369)

(450)

52,793

(99,906)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(3,602)

(1,106)

(356)

(26)

-

(5,090)

Operating income

16,445

1,353

1,131

(333)

-

18,596

Equity in net income (loss) of affiliates and other items

1,874

608

118

294

-

2,894

Tax on net operating income

(10,233)

(444)

(341)

(12)

-

(11,030)

Net operating income

8,086

1,517

908

(51)

-

10,460

Net cost of net debt

(263)

Non-controlling interests

(211)

Net income

9,986

9 months 2011 (adjustments) (a)

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

15

-

-

-

-

15

Intersegment sales

-

-

-

-

-

-

Excise taxes

-

-

-

-

-

-

Revenues from sales

15

-

-

-

-

15

Operating expenses

-

785

229

-

-

1,014

Depreciation, depletion and amortization of tangible assets and
mineral interests

(75)

(171)

-

-

-

(246)

Operating income (b)

(60)

614

229

-

-

783

Equity in net income (loss) of affiliates and other items

722

405

106

69

-

1,302

Tax on net operating income

(326)

(315)

(78)

(73)

-

(792)

Net operating income (b)

336

704

257

(4)

-

1,293

Net cost of net debt

-

Non-controlling interests

(6)

Net income

1,287

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

(b) Of which inventory valuation effect

On operating income

-

904

253

-

On net operating income

-

629

178

-

9 months 2011 (adjusted)

(M€) (a)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Non-Group sales

16,064

57,741

63,367

14

-

137,186

Intersegment sales

19,851

32,198

615

129

(52,793)

-

Excise taxes

-

(1,483)

(12,126)

-

-

(13,609)

Revenues from sales

35,915

88,456

51,856

143

(52,793)

123,577

Operating expenses

(15,883)

(86,782)

(50,598)

(450)

52,793

(100,920)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(3,527)

(935)

(356)

(26)

-

(4,844)

Adjusted operating income

16,505

739

902

(333)

-

17,813

Equity in net income (loss) of affiliates and other items

1,152

203

12

225

-

1,592

Tax on net operating income

(9,907)

(129)

(263)

61

-

(10,238)

Adjusted net operating income

7,750

813

651

(47)

-

9,167

Net cost of net debt

(263)

Non-controlling interests

(205)

Ajusted net income

8,699

Adjusted fully-diluted earnings per share (€)

3.86

(a) Except for per share amounts.

9 months 2011

(M€)

Upstream

Refining Chemicals

Supply Marketing

Corporate

Intercompany

Total

Total expenditures

14,528

1,286

1,289

71

-

17,174

Total divestments

2,192

2,451

1,428

1,012

-

7,083

Cash flow from operating activities

13,497

2,795

407

43

-

16,742

Reconciliation of the information by business segment with
consolidated financial statements

TOTAL

(unaudited)

3rd quarter 2012

(M€)

Adjusted

Adjustments (a)

Consolidated statement of income

Sales

49,898

(8)

49,890

Excise taxes

(4,411)

-

(4,411)

Revenues from sales

45,487

(8)

45,479

Purchases net of inventory variation

(31,375)

766

(30,609)

Other operating expenses

(5,316)

(212)

(5,528)

Exploration costs

(317)

-

(317)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(2,096)

(1,150)

(3,246)

Other income

142

332

474

Other expense

(114)

(15)

(129)

Financial interest on debt

(154)

-

(154)

Financial income from marketable securities & cash equivalents

8

-

8

Cost of net debt

(146)

-

(146)

Other financial income

141

-

141

Other financial expense

(135)

-

(135)

Equity in net income (loss) of affiliates

627

14

641

Income taxes

(3,502)

14

(3,488)

Consolidated net income

3,396

(259)

3,137

Group share

3,348

(282)

3,066

Non-controlling interests

48

23

71

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

3rd quarter 2011

(M€)

Adjusted

Adjustments (a)

Consolidated statement of income

Sales

46,177

(14)

46,163

Excise taxes

(4,638)

-

(4,638)

Revenues from sales

41,539

(14)

41,525

Purchases net of inventory variation

(28,906)

(112)

(29,018)

Other operating expenses

(4,981)

(80)

(5,061)

Exploration costs

(242)

-

(242)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(1,627)

(246)

(1,873)

Other income

69

1,265

1,334

Other expense

(95)

(117)

(212)

Financial interest on debt

(262)

-

(262)

Financial income from marketable securities & cash equivalents

114

-

114

Cost of net debt

(148)

-

(148)

Other financial income

108

-

108

Other financial expense

(115)

-

(115)

Equity in net income (loss) of affiliates

518

(21)

497

Income taxes

(3,280)

(168)

(3,448)

Consolidated net income

2,840

507

3,347

Group share

2,801

513

3,314

Non-controlling interests

39

(6)

33

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

Reconciliation of the information by business segment with
consolidated financial statements

TOTAL

9 months 2012

(M€)

Adjusted

Adjustments (a)

Consolidated statement of income

Sales

150,215

(22)

150,193

Excise taxes

(13,363)

-

(13,363)

Revenues from sales

136,852

(22)

136,830

Purchases net of inventory variation

(95,172)

228

(94,944)

Other operating expenses

(16,127)

(320)

(16,447)

Exploration costs

(942)

-

(942)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(5,916)

(1,196)

(7,112)

Other income

447

541

988

Other expense

(314)

(362)

(676)

Financial interest on debt

(511)

-

(511)

Financial income from marketable securities & cash equivalents

67

-

67

Cost of net debt

(444)

-

(444)

Other financial income

435

-

435

Other financial expense

(389)

-

(389)

Equity in net income (loss) of affiliates

1,646

(28)

1,618

Income taxes

(10,679)

185

(10,494)

Consolidated net income

9,397

(974)

8,423

Group share

9,280

(967)

8,313

Non-controlling interests

117

(7)

110

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.

9 months 2011

(M€)

Adjusted

Adjustments (a)

Consolidated statement of income

Sales

137,186

15

137,201

Excise taxes

(13,609)

-

(13,609)

Revenues from sales

123,577

15

123,592

Purchases net of inventory variation

(85,816)

1,157

(84,659)

Other operating expenses

(14,424)

(143)

(14,567)

Exploration costs

(680)

-

(680)

Depreciation, depletion and amortization of tangible assets and
mineral interests

(4,844)

(246)

(5,090)

Other income

178

1,487

1,665

Other expense

(224)

(185)

(409)

Financial interest on debt

(557)

-

(557)

Financial income from marketable securities & cash equivalents

216

-

216

Cost of net debt

(341)

-

(341)

Other financial income

518

-

518

Other financial expense

(327)

-

(327)

Equity in net income (loss) of affiliates

1,447

-

1,447

Income taxes

(10,160)

(792)

(10,952)

Consolidated net income

8,904

1,293

10,197

Group share

8,699

1,287

9,986

Non-controlling interests

205

6

211

(a) Adjustments include special items,
inventory valuation effect and the effect of changes in fair value.